Principal Components Analysis (Quantitative Applications in the Social Sciences) Review

Principal Components Analysis (Quantitative Applications in the Social Sciences)
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Principal Components Analysis (Quantitative Applications in the Social Sciences) ReviewI am a big fan of this little "green book" statistical series. Thanks to it, I already taught myself Logit Regression, Cluster Analysis, Discriminant Analysis, Factor Analysis, and Correspondence Analysis. Most of these were excellent; "Principal Component Analysis" (PCA) was good.
The reasons I don't consider it excellent like some of the others are: First, the terminology is kind of dated and confusing. The author talks about of Latent Roots and Latent vectors when the more common names nowadays are Eigenvalues and Eigenvectors. Also, the author mentions in the introduction, he will explain most concepts without relying on Matrix Algebra. Yet, he does to a great extent. If you are not familiar with Matrix Algebra, you will be forced to learn it to better understand this book. Finally, the author gives you many formulas that are sometimes difficult to understand, especially when he rarely fleshes out the related calculations in a concrete example.
Despite the negative comments mentioned above, the book has an equal or greater number of strong points too. Let's face it PCA is complicated. There is no way to make it appear really simple and easy to understand. This book is the kind you have to read, underline, work through examples, and review again. I suspect any book on PCA would be similar.
In view of the above, the author takes interesting examples out of the social science. He develops a strong foundation in PCA. He also does a good job of showing how PCA is at the foundation of many other multivariate analysis methods.

This green book series has allowed me to hang in there and keep up within an intense quantitative group of a major financial institution on the West Coast. Without them, I would have been left behind. For the record, I am an MBA type and not a quant type. So, if I can understand these books, so can you. I recommend this one book if you need to understand PCA. Just accept upfront, it is not going to be easy reading. But, it does the job of explaining PCA.
Principal Components Analysis (Quantitative Applications in the Social Sciences) Overview
For anyone in need of a concise, introductory guide to principal components analysis, this book is a must. Through an effective use of simple mathematical-geometrical and multiple real-life examples (such as crime statistics, indicators of drug abuse, and educational expenditures) -- and by minimizing the use of matrix algebra -- the reader can quickly master and put this technique to immediate use.


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